Hi-View signs deal to acquire Saunders, Nub projects

Executive Summary

• Hi-View Resources Inc. has entered into a property sale agreement to acquire a 100% interest in the Saunders and Nub projects from Eagle Plains Resources Ltd.
• The total consideration for the acquisition includes $70,000 in cash, 350,000 shares of Hi-View Resources, and a 3% net smelter royalty (NSR), with an option to acquire an additional 2% NSR for $2.5 million.
• The acquisition strengthens Hi-View's position in the Toodoggone district of British Columbia, adding two prospective properties located near the Kemess copper-gold mine and within the prolific Stikine terrane.

Key Details

• Transaction Structure:
  • Seller: Eagle Plains Resources Ltd.
  • Assets Acquired: 100% interest in the Saunders Project and the Nub Project.
  • Upfront Consideration: $70,000 cash and 350,000 shares of Hi-View Resources Inc.
  • Royalty: 3% net smelter royalty (NSR) in favor of Eagle Plains.
  • Option: Hi-View has the right to acquire an additional 2% NSR for $2.5 million in cash payments.
  • Regulatory Status: Transaction is subject to approval from the Canadian Securities Exchange.
• Saunders Property Details:
  • Size: 209.6 hectares.
  • Location: Approximately 300 km northeast of Smithers, B.C., and 30 km north of the Kemess copper-gold mine.
  • Geology: Overlies three Minfile occurrences (Saunders Northwest, North, and South). Mineralization is associated with quartz veins, stringers, silicification, and argillic alteration.
  • Historical Data: Samples at Saunders North report up to 1.42 g/t gold and 11.7 g/t silver. Considered prospective for epithermal-type gold-silver and porphyry copper-gold mineralization.
• Nub Property Details:
  • Size: 873.9 hectares.
  • Location: Surrounded by the Joy project (operated by Amarc Resources), interpreted as the northern extension of the Kemess porphyry copper-gold district.
  • Exploration Focus: High-priority target is a magnetic anomaly at a valley bottom near the Hazelton and Stuhini group unconformity (Red Line), coincident with anomalous copper-in-soil geochemistry.
  • Context: Proximal to significant porphyry-type deposits including Pine, MEX, and Aurora.
• Company Context:
  • Hi-View Resources is a mineral exploration company targeting gold, silver, and copper in Northern British Columbia.
  • Current portfolio spans 9,749 hectares, including the fully permitted Golden Stranger property with 45 drill-ready sites.
  • Historical drilling at Golden Stranger highlighted 10 meters at 11.55 g/t gold.
  • 2024 sampling yielded up to 111.5 g/t gold and 2,740 g/t silver.

Notable Quotes

• R. Nick Horsley, CEO and Director: "The acquisition of the Saunders and Nub projects further strengthens our position in British Columbia's prolific Toodoggone district. The Saunders property is strategically located along a well-established geological corridor that hosts numerous high-grade gold-copper deposits, including past-producing mines and advanced-stage exploration projects. This proven setting, combined with encouraging historical data, gives us strong geological conviction as we move into our next phase of exploration."